The increased demand for services in Bali continues to push up land prices around the island.
Currently, the average sale price of land reaches up to Rp. 10 – Rp. 15 million per square meter.
During the first half of 2012 in Bali land prices rose an average of 28 percent compared to the same period last year.
The average bid price for land ownership in the Legian, Petitenget and Batu Belig areas rose during the first half of 2012 by up to 36%.
Today, the price of land is Rp 10 million to Rp 15 million per square meter. Most of land offered is leasehold, and so it is very difficult to find land that offers full ownership.
Land in strategic locations was in high demand from investors, so land prices continue to soar. Land prices increased from Rp. 150 million per are last year, to Rp. 200 million now.